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    Turkmenistan

    Turkmen oil transit to world markets via Caspian Sea and Azerbaijan show dynamism

    Turkmen oil transit to world markets via Caspian Sea and Azerbaijan show dynamism

    The share of transit oil from Kazakhstan and Turkmenistan transported through the Baku-Tbilisi-Ceyhan (BTC) pipeline in January-September 2023 was 3.8mn tonnes, which is 6.7% more than last year, the State Statistics Committee of Azerbaijan reports.

    The length of the Azerbaijan-Georgia-Turkey oil pipeline with a capacity of 50mn tonnes is 1,768,000 km. Its shareholders are: BP; SOCAR; MOL; Equinor; TPAO; ENI; Itochu; ExxonMobil; INPEX, TotalEnergies and ONGC-Videsh.

    In total, 22.6mn tonnes of oil were pumped through the BTC during the period under review, 4.5% more than last year.

    Experts told Daryo that the transport of Turkmen oil, delivered by tankers across the Caspian Sea, had intensified a few years ago. 

    International trader Vitol, a partner of Turkmenistan's Napeco, has agreed (2021) with Azerbaijan's state oil company SOCAR to transport 1.0mn tonnes a year from Turkmenistan.

    The crude comes from the Caspian fields of Dragon Oil (UAE) and ENI (Italy), which operate in the Turkmen market under Production Sharing Agreements (PSA).

    Credits: Eziz Boyarov

    12.10.2023, 15:29   Comments (0)   1127
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